South Carolina Statutes
§ 34-30-540 — Examinations and investigations; report; prohibition against delay or obstruction of examinations, refusal to exhibit records, false statements.
(A)The board is authorized to examine and investigate everything relating to the business of a state savings bank or its holding company.
(B)The board shall furnish a copy of the report to the state savings bank examined and, upon request, may furnish a copy of, or excerpts from, the report to the insurer of accounts.
(C)A state savings bank may not wilfully delay or obstruct an examination. A person failing to comply with this subsection is guilty of a misdemeanor.
(D)A person who possesses or controls books, accounts, or papers of a state savings bank shall not refuse to exhibit them to the board or the board's agents on demand, or knowingly or willingly make a false statement in regard to them. A person failing to comply with this subsection is guilty of a misdemeanor.
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South Carolina § 34-30-540 (Examinations and investigations; report; prohibition against delay or obstruction of examinations, refusal to exhibit records, false statements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1997 Act No. 90, SECTION 1, eff June 10, 1997.
Nearby Sections
15
§ 34-30-10
Short title.§ 34-30-1000
Membership of mutual state savings banks.§ 34-30-1040
Conflict of interest.§ 34-30-1060
Annual meetings; notice.§ 34-30-1070
Special meetings; notice.§ 34-30-1080
Quorum.